Fair Value Disclosure (Tables)

6 Months Ended

Dec. 31, 2016

Fair Value Disclosure [Abstract]

Schedule of financial instruments and liabilities measured at fair value on a recurring basis

The tables below set forth the Company’s financial instruments and liabilities measured at fair value on a recurring basis (in thousands):

	December 31, 2016
	Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents:
Money market funds	$	831	$	831	$	-	$	-
Short-term investments:
Corporate notes and commercial paper		19,965		-		19,965		-
U.S. Government agency securities		29,183		-		29,183		-
Total assets measured and recorded at fair value	$	49,979	$	831	$	49,148	$	-

The above table excludes $53.6 million of cash balances on deposit at banks.

	June 30, 2016
	Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents:
Money market funds	$	3,533	$	3,533	$	-	$	-
Short-term investments:
Corporate notes and commercial paper		26,363		-		26,363		-
U.S. Government agency securities		20,070		-		20,070		-
Total assets measured and recorded at fair value	$	49,966	$	3,533	$	46,433	$	-